After Reaching All-Time Low, Is CVR Refining LP’s Near-Term Analysis Positive?

The stock of CVR Refining LP (NYSE:CVRR) reached all time low today, Feb, 18 and still has $11.26 target or 5.00% below today’s $11.85 share price. This indicates more downside for the $1.79 billion company. This technical setup was reported by If the $11.26 PT is reached, the company will be worth $89.50M less. Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. The stock is down 11.76% or $1.58 after the news, hitting $11.85 per share. About 1.01 million shares traded hands or 96.03% up from the average. CVR Refining LP (NYSE:CVRR) has declined 32.41% since July 14, 2015 and is downtrending. It has underperformed by 23.77% the S&P500.

Out of 6 analysts covering CVR Refining LP (NYSE:CVRR), 1 rate it “Buy”, 0 “Sell”, while 7 “Hold”. This means 13% are positive. CVR Refining LP was the topic in 8 analyst reports since July 24, 2015 according to StockzIntelligence Inc.

According to Zacks Investment Research, “CVR Refining, LP is engaged in the refining of petroleum primarily in the United States. It has refining and related logistics assets that operate in the mid-continent region. The company operates in Coffeyville, Kansas, Wynnewood and Oklahoma. CVR Refining, LP is headquartered in Sugar Land, Texas.”

The institutional sentiment increased to 1.39 in 2015 Q3. Its up 0.49, from 0.9 in 2015Q2. The ratio improved, as 11 funds sold all CVR Refining LP shares owned while 25 reduced positions. 14 funds bought stakes while 36 increased positions. They now own 15.80 million shares or 73.10% more from 9.13 million shares in 2015Q2.

Trust & Fiduciary Management Services Inc holds 2.39% of its portfolio in CVR Refining LP for 165,188 shares. Groesbeck Investment Management Corp Nj owns 233,800 shares or 2.36% of their US portfolio. Moreover, Yorkville Capital Management Llc has 0.91% invested in the company for 47,559 shares. The California-based Strategic Global Advisors Llc has invested 0.76% in the stock. Lyons Wealth Management Llc., a Florida-based fund reported 29,415 shares.

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